Clean Harbors Closes $400 Mln Acquisition Of HEPACO

RTTNews | vor 587 Tagen
Clean Harbors Closes $400 Mln Acquisition Of HEPACO

(RTTNews) - Clean Harbors, Inc. (CLH) announced Monday the completion of its acquisition of HEPACO from Gryphon Investors for $400 million in cash. The acquisition was financed through proceeds from a recently completed $500 million expansion of the Company's Term Loan facility. Clean Harbors expects the acquisition to generate cost synergies of approximately $20 million after the first full year of operations, which equates to a post-synergy acquisition multiple of 7.1 times.

Based on the completion date of the transaction, Clean Harbors currently expects that HEPACO will add approximately $30 million of Adjusted EBITDA in 2024. Clean Harbors' management plans to update its 2024 guidance when it reports its first-quarter results on May 1.

read more
Clean Harbors Provides Q1, FY24 Adj. EBITDA Outlook

Clean Harbors Provides Q1, FY24 Adj. EBITDA Outlook

While reporting its financial results for the fourth quarter on Wednesday, Clean Harbors Inc. (CLH, CLHB) initiated its adjusted EBITDA and adjusted free cash flow guidance for the full-year 2024. The company also provided outlook for the first quarter.
RTTNews | vor 620 Tagen
Indonesia Bourse Tipped To Erase Friday's Losses

Indonesia Bourse Tipped To Erase Friday's Losses

The Indonesia stock market on Friday snapped the two-day winning streak in which it had picked up almost 100 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,160-point plateau, although it's likely to bounce higher again on Monday.
RTTNews | vor 1Std 18 Minuten
Hong Kong Shares Due For Support On Monday

Hong Kong Shares Due For Support On Monday

The Hong Kong stock market has moved lower in three consecutive trading days, surrendering more than 520 points or 2 percent along the way. The Hang Seng Index now rests just above the 25,900-point plateau although it's expected to open in the green on Monday.
RTTNews | vor 1Std 33 Minuten
Australia Building Approvals Jump 12.0% In September

Australia Building Approvals Jump 12.0% In September

The total number of building permits issued in Australia was up a seasonally adjusted 12.0 percent on month in September, the Australian Bureau of Statistics said on Monday - coming in at 17,019.
RTTNews | vor 1Std 34 Minuten
Taiwan Manufacturing PMI Ticks Higher In October

Taiwan Manufacturing PMI Ticks Higher In October

The manufacturing sector in Taiwan continued to contract in October, albeit at a slower rate, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 47.7.
RTTNews | vor 1Std 43 Minuten
South Korea PMI Sinks In October - S&P Global

South Korea PMI Sinks In October - S&P Global

The manufacturing sector in South Korea fell into contraction territory in October, the latest survey from S&P Global revealed on Monday with a Performance of Manufacturing Index score of 49.4.
RTTNews | vor 1Std 45 Minuten
China Stock Market May Stop The Bleeding On Monday

China Stock Market May Stop The Bleeding On Monday

The China stock market has finished lower in back-to-back sessions, slipping more than 60 points or 1.5 percent along the way. The Shanghai Composite Index now sits just above the 3,950-point plateau, although it's due for support on Monday.
RTTNews | vor 1Std 48 Minuten